He paid $114.75 dollars for three shares, and watched the stock price fall from $38.25 to $27 a share. His sister Doris was not happy. When Cities Service went back up to $40, he sold. He made $5 a share profit, and got Doris off his back. After he sold, the stock rose to $202 a share.

Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.

In case you want to try beating them, …..

Transcript of "Warren buffett"

3.
 Warren Edward Buffett is an AmericanWarren Edward Buffett is an American
business magnate, investor, andbusiness magnate, investor, and
philanthropist. He is widely consideredphilanthropist. He is widely considered
the most successful investor of the 20ththe most successful investor of the 20th
century.century. WikipediaWikipedia
 Chairman, CEO and largest shareholder ofChairman, CEO and largest shareholder of
Berkshire HathawayBerkshire Hathaway
 Known as the "Oracle of Omaha”Known as the "Oracle of Omaha”
 Net worth - $65.1 BillionNet worth - $65.1 Billion

5.
 He drives his own car everywhere and doesHe drives his own car everywhere and does
not have a driver or security people aroundnot have a driver or security people around
him.him.
 He never travels by private jet, although heHe never travels by private jet, although he
owns the world’s largest private jet company.owns the world’s largest private jet company.
 His company, Berkshire Hathaway, owns 63His company, Berkshire Hathaway, owns 63
companies. He writes only one letter eachcompanies. He writes only one letter each
year to the CEOs of these companies, givingyear to the CEOs of these companies, giving
them goals for the year. He never holdsthem goals for the year. He never holds
meetings or calls them on a regular basis.meetings or calls them on a regular basis.

6.
Buffett bought his first stock when heBuffett bought his first stock when he
was 12-years oldwas 12-years old
Warren put everything his schemesWarren put everything his schemes
had earned him into this stock, Citieshad earned him into this stock, Cities
Service Preferred. He also enrolled hisService Preferred. He also enrolled his
sister, Doris.sister, Doris.

7.
 He does not socialize with the high societyHe does not socialize with the high society
crowd. His past time after he gets home iscrowd. His past time after he gets home is
to make himself some pop corn and watchto make himself some pop corn and watch
television.television.
 Bill Gates, the world’s richest man metBill Gates, the world’s richest man met
him for the first time only 5 years ago.him for the first time only 5 years ago.
 Warren Buffet does not carry a cell phone,Warren Buffet does not carry a cell phone,
nor has a computer on his desk.nor has a computer on his desk.

8.
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In June 2006, Buffett announced hisIn June 2006, Buffett announced his
plan to give away 85% of his wealth toplan to give away 85% of his wealth to
charity.charity.
"There's no reason why future"There's no reason why future
generations of little Buffetts shouldgenerations of little Buffetts should
command society just because theycommand society just because they
came from the right womb. Where's thecame from the right womb. Where's the
justice in that?" he said.justice in that?" he said.

9.
Buffett plays bridge online at least four
times a week.
He has competed in online bridgeHe has competed in online bridge
tournaments for years alongside fellowtournaments for years alongside fellow
billionaire Bill Gates. Gates plays online underbillionaire Bill Gates. Gates plays online under
the name "Chalengr" and Buffett goes underthe name "Chalengr" and Buffett goes under
the name "T-Bone."the name "T-Bone."

12.
"Be fearful when others are"Be fearful when others are greedygreedy,,
and be greedy when others areand be greedy when others are
fearful."fearful."

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"Someone's sitting in the shade"Someone's sitting in the shade
today because someone planted atoday because someone planted a
tree a long time ago."tree a long time ago."

14.
"Only when the tide goes out do you"Only when the tide goes out do you
discover who's been swimmingdiscover who's been swimming
naked."naked."

15.
"I could"I could end the deficitend the deficit in 5 minutes. Youin 5 minutes. You
just pass a law that says that anytimejust pass a law that says that anytime
there is a deficit of more than 3 percent ofthere is a deficit of more than 3 percent of
GDP all sitting members of congress areGDP all sitting members of congress are
ineligible for reelection.”ineligible for reelection.”

16.
““Some things just take time. YouSome things just take time. You
can't produce a baby in one month bycan't produce a baby in one month by
getting nine women pregnant."getting nine women pregnant."

17.
"I think you are out of your mind if"I think you are out of your mind if
you keep taking jobs that you don'tyou keep taking jobs that you don't
like because you think it will looklike because you think it will look
good on your resume. Isn't that agood on your resume. Isn't that a
little like saving up sex for your oldlittle like saving up sex for your old
age?"age?"

18.
““If you've been playing poker for halfIf you've been playing poker for half
an hour and you still don't know whoan hour and you still don't know who
the patsy is, you're the patsy."the patsy is, you're the patsy."